CBRE\’s Farley To Step Down
William H. Farley, president of CBRE Connecticut region, will step down as president to become of counsel for the firm.
Saybrook Realty Buys Centerbrook Properties For $575K
Saybrook Realty Partners LLC has purchased adjacent properties at 22 and 24 Main St. in Centerbrook for $575,000.
Rocky Hill Retail Plaza Sells For $4.5M
Indetail LLC of Norwalk has purchased the 15,000-square-foot shopping plaza at 396 Cromwell Ave. in Rocky Hill for $4.5 million.
Polamer Precision Closer To Building A 150k SF Facility In New Britain
Polamer Precision, an aerospace manufacturing firm, has finalized its purchase of land at the Pinnacle Heights in New Britain where the company will build a new 150,000-square-foot manufacturing facility.
KS Partners Pays $65M For Rocky Hill Portfolio
KS Partners has purchased a 620,372-square-foot office portfolio in Rocky Hill from New Boston Fund for $65 million.
Open For Business
A Fairfield County retail market devastated by the Great Recession, when store owners shut up shops left and right along the region\’s major shopping thoroughfares, has finally conquered the abyss it once faced.
Colliers International Brokers $4M In Local CRE Transactions
Colliers International\’s Hartford office has recently brokered $6.4 million worth of commercial properties in Connecticut and Massachusetts.
Orange Retail Property Sells For $1.45M, Continues Town\’s Commercial Rebound
A vacant furniture store purchased for $1.45 million will be turned into a Chef’s Equipment Emporium when renovations on 449 Boston Post Road are complete.
More Projects, More Jobs
Ask certain developers, contractors or government officials what their favorite bird is, and they\’ll gladly tell you – it\’s the crane, of course. The construction crane.
O,R&L Commercial Leases 20,000 SF At Crossroads Medical
The New Haven Central Hospital for Veterinary Medicine has leased 20,000 square feet of space at the Crossroads Medical Center at 158 State St. in North Haven.
Fairfield, Flatlined
If slow and steady wins the race, then Fairfield County\’s office market might have a chance in the long run – but it would have to be a very long run.
Goodwin Square Now Solely Owned By LNR Property
The Goodwin Square office and hotel mixed-use property in downtown Hartford that was foreclosed on last June has finally been taken back by the lender after Northland Investment Corp. defaulted on a $33 million loan on the asset.
Fitch Gives New Haven Bonds Negative Outlook
Fitch Ratings has assigned a negative outlook to bonds offered by the city of New Haven, citing what Fitch sees as the city’s “limited financial flexibility due to projected declines in reserves.”
From Bad To Worse
No sane person would claim New Haven is the Grand Central Station of office space, home to hordes of tenants just waiting to buy their tickets for the next local headquarters lease.
Bridgeport\’s Chicken And Egg Conundrum
Bridgeport is not exactly known for its bustling retail spaces and active storefronts. Even the city\’s head of economic development admits Bridgeport has a surplus of vacant shops, and that demand for new stores is anything but robust.
Small Business Vacancy In Hartford Spikes
A jump in Hartford’s retail vacancy rate can be blamed largely on recent closings of mom-and-pop stores, according to a new study by industry tracker KeyPoint Partners.
Stoned By The Law Of The Land
The possible legalization of marijuana for medical use in the state might be good news for seriously ill users, but owners of properties where the wacky weed would be sold could face a high-noon showdown with federal prosecutors.
Loan Secured By Connecticut Financial Center Transferred To Special Servicing
A $130 million loan secured in part by the Connecticut Financial Center in New Haven is in imminent danger of default and has been transferred to special servicing, according to Fitch Ratings.
Stamford\’s South End No Longer Wrong Side Of The Tracks
Once considered the wrong side of the tracks, Stamford’s South End is starting to come into its own with hundreds of new residences, new office space and easier access to the area.
Groups Strike Conn. Appalachian Trail Management Agreement
The Appalachian Trail Conservancy, National Park Service and Appalachian Mountain Club have signed a memorandum of understanding to jointly manage Connecticut’s section of the Appalachian Trail (A.T.).
